Filed August 19, 2021
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO Service code 12 320 PARK AVENUE · NEW YORK, NY 10022 | Claims processing; Recordkeeping and ... | $2,264 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,212 | $47,977-76.6% | $154,107-92.7% | $56,287-80.1% |
| Participation rate | 94.2% | 66.2%+28.0pp | 83.0%+11.1pp | 69.9%+24.3pp |
| Annual return | -2.62% | 3.54%-6.2pp | 735.12%-737.7pp | -9.96%+7.3pp |
| Employer contribution / active EE | $1,531 | $2,169-29.4% | $5,298-71.1% | $2,111-27.5% |
| Participant deferral / active EE | $2,265 | $2,392-5.3% | $5,081-55.4% | $3,350-32.4% |
| Admin fee / account holder | $25 | $438-94.3% | $13,411-99.8% | $521-95.2% |